Port Hedland Shopping Centre
Joint Venture
Property description Single level shopping centre incorporating which has Woolworths on a 20 year lease from September 2008. There are 22 specialty tenancies including Harvey Norman, Liquorland, Chicken Treat and a Woolworths petrol plus station.
Property location Corner McGregor and Wilson Streets Port Hedland
Syndicate/Trust commencement date December 2001
Property purchase price $7.15 million
Sale value $17.4 million
Term 16 years
IRR since inception 14.5%
General comments The property was sold in November 2016 for $17.4 million (after rental incentives).